Answer:
The beginning of the Great Depression in the United States is considered to be August 1929, when the industrial production index reached its peak. At that time, money was tightly tied to gold reserves, which limited the money supply. At the same time, production grew. At the turn of the century, new types of goods such as cars, planes, radios appeared. The number of goods in mass and by assortment has increased many times. As a result of the limited money supply and the growth of the commodity supply, strong deflation arose - a fall in prices, which caused financial instability, the bankruptcy of many enterprises, and loan defaults. A powerful multiplier effect has hit even growing industries.
From the standpoint of monetarism, the US Federal Reserve monetary policy triggered the crisis. A sharp decline in money supply by one third between August 1929 and March 1933 was a huge brake on the economy, and was the result of the incompetence of the Fed leadership.
This period was characterized, on the one hand, by very powerful technical changes, and on the other, by the abundance of capital, which allowed both updating capital and expanding stock exchange operations, as a result of which the speculative “bubble” increased.
Explanation:
Answer:
Both Montreal and Los Angeles are two of the most important cities in Canada and the United States, respectively. In both cases, it is the second most populated city in each country, in addition to being industrial and economic poles of their respective regions.
Geographically, both cities have the coincidence that they are on the banks of water courses of great importance for the commercial and economic development of these cities: thus, Los Angeles is located on the shores of the Pacific Ocean, which opens the doors to trade with the East; while Montreal is on the banks of the Saint Lawrence River, which connects the city with the Atlantic Ocean.
This should be False
Sun Yat-Sen was an important figure in the collapse of the Imperial China in the way that he helped the nationalists establish the Republic of China in 1912 when the Qing dynasty lost its power. He was the first president and resigned after a while but the country was a democratic one while the parties existed during his time.
Answer : is c , just had this question <3
The war-guilt clause in the Treaty of Versailles placed the blame for World War I on Germany. According to the Treaty, Germany was the sole culprit for WWI and therefore had to pay the consequences which included paying their allies for war expenses, among many other things.
